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Senior executives expect job opportunities in green technology sector to shrink, report reveals

Senior executives confidence in the UK green technology sector's ability to create new jobs has shrunk, according to a survey published today by Interim Partners.

The report found just 5% of senior executives expect the UK green technology sector to create the most new jobs in 2013, down from 18% last year.

Interim Partners claim that confidence in the UK green technology sector has plummeted after the Government slashed its green subsidies for solar power and windfarms and commitments on renewable energy targets as part of its austerity programme.

The sector had previously been boosted by the Government's support for increasing the UK's renewable energy output, as part of the EU 2020 programme.

In contrast to the green technology sector, 27% of interims said they expected the construction sector to be the area where the most new jobs are created over the next year, up from just 10% last year. The sector was hit hard by the recession, but is now bouncing back.

Doug Baird, managing director of Interim Partners, said: "The Government's change of tack in its energy policy has put a dampener on green technology businesses expansion plans.

"The drastic drop in confidence in the green technology sector underscores how important consistent government policy is. It's not just new jobs that are at stake, but existing ones too."